SAO PAULO, Dec. 3, 2015 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), in
compliance with Rule 358, of January 3,
2002, as amended, issued by the Brazilian Securities and
Exchange Commission ("CVM"), hereby informs its shareholders and
the market in general that SABESP's Board of Directors' meeting
held on November 27, 2015, approved
the 20th issue of simple, unsecured and non-convertible debentures,
in a single series, for public distribution, with restricted
placement efforts, pursuant to CVM Rule 476, of January 16, 2009, as amended ("CVM Rule 476"), in
the total amount of five hundred million reais (R$500,000,000.00) ("Debentures" and "Offer",
respectively).
The Offer will target professional investors only, in compliance
with Article 9-A of CVM Rule 539, of November 13, 2013, as amended, and Article 2 of
CVM Rule 476. According to Article 3 of CVM Rule 476, the Offer
will be presented to a maximum of seventy-five (75) professional
investors, though the Debentures may only be subscribed by a
maximum of fifty (50) professional investors. The process of
structuring and distribution of the Debentures will be undertaken
by a consortium of financial institutions belonging to the
Securities Distribution System.
The proceeds from the issue and offer of Debentures will be used
to replenish the Company's cash position and refinance its
financial commitments maturing in 1Q16.
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE SABESP